1.- Trade discounts for televisions that have list price of $250 are 15%, 10% an

Question

1.- Trade discounts for televisions that have list price of $250 are 15%, 10% and 8% Find the billed cost for the televisions L8 19 20 21 23 24.2 The quantity discount schedule of a china importer is 0.5% discount on orders for 25 $1,000, 1% discount on orders for $1,500, 15% discount on orders for $2,500, and a 26,2% discount on orders for $3,000. A retailer's order of bone china luncheon sets 27 amounted to $2,800. No other discounts were allowed on this particular group. How 28 much should the retailer pay the importer? 29

Explanation / Answer

1) Solution NP = L(1 – r1)(1 – r2)(1 – r3), NP = 250 (1 – 15%)(1 – 10%)(1 – 8%) 175.95 2) The quantity discount schedule of a china importer is 0.5% discount on orders for $1,000, 1%discount on orders for $1,500, 1.5% discount on orders for $2,500, and a 2% discount on ordersfor $3,000. A retailer’s order of bone china luncheon sets amounted to $2,800. No otherdiscounts were allowed on this particular group. How much should the retailer pay the importer $2800 x (1 - 1.5%) $2,758.00

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